InvestorsHub Logo
Followers 0
Posts 43
Boards Moderated 0
Alias Born 07/14/2010

Re: DewDiligence post# 40

Tuesday, 08/31/2010 10:10:16 AM

Tuesday, August 31, 2010 10:10:16 AM

Post# of 688
Jefferies thinks Cogent acquisition will help 3M :

"Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on 3M (NYSE: MMM); it has a $110 price target on the stock.

The Jefferies analysts cited the company’s recent announcement that it would purchase Cogent Inc. (NASDAQ: COGT) for $10.50 per share, which values Cogent at roughly 6.7x consensus 2011 EBITDA (after synergies) and 2.6x 2011 sales."

source: Source
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MMM News